*Yuan may hit record highs, but seen capped around 6.05/ dollar- traders. SHANGHAI, Dec 6- China's yuan strengthened against the dollar on Friday after the central bank set a record high official midpoint, a move traders said signalled that the bank is ready to allow the currency to end the year with another rally.» Read More
CHICAGO-- Illinois will share part of an $11 million payment as part of an agreement with insurance giant American International Group Inc.. The announcement was made Monday by Illinois Department of Insurance Director Andrew Boron. Illinois was among seven lead states that started discussions with the company.
NEW ORLEANS-- The U.S. Small Business Administration will close three recovery centers in Louisiana that were opened to help residents affected by Hurricane Isaac.
LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the prevailing uncertainty.
MADISON, Wis.-- September was a good month for dairy farmers in Wisconsin and Minnesota, where gains in milk production were among the best in the nation. The U.S. Department of Agriculture says Wisconsin harvested 2.2 billion pounds last month. Wisconsin is the nation's second-leading milk producer behind California.
3 M, which makes everything from Scotch tape to coatings for LCD screens and is an economic bellwether, reduced its profit expectations for this year because of "current economic realities." Xerox plunged 8 percent, or 56 cents, to $6.47.
PORTLAND, Maine-- Southwest Airlines Co. says it will fly to Baltimore-Washington International Airport when it begins service next spring out of Portland, Maine. The airline says it will initially offer nonstop flights each day between Portland International Jetport and Baltimore-Washington when it starts flying out of Portland on April 14.
STRASBOURG, France-- The European Commission says an additional 9 billion is needed to meet all of the EU's commitments in the 2012 budget. But 5.9 billion will have to come from member states, some of whom are cutting their budgets because of Europe's financial crisis.
HARTFORD, Conn.-- Third-quarter operating profit, United Technologies Corp. businesses, change from 3 Q 2011:. 2012 2011 Change Percent change. UTC Aerospace 271 204 67 33.
ROCHESTER, N.Y.-- Wegmans Food Markets Inc. says it's recalling a brownie mix after reports from two consumers about allergic reactions to undeclared milk in the product.
3 M Co.' s industrial and transportation division is its biggest, and like a lot of 3 M's other businesses it tracks the economy's ups and downs. On 3 M's conference call on Tuesday, its executives were asked what demand they're seeing in that area.
ABERDEEN, S.D.-- A wind turbine blade manufacturer in Aberdeen has called back 15 of the 92 employees who were laid off last month, after receiving new orders. Molded Fiber Glass has received orders from the General Electric Co. for the 40- meter blade that it normally makes and also for a new, larger blade, Plant Manager Dave Giovannini told the American News.
CHARLESTON, W.Va.-- West Virginia agriculture officials are hosting a delegation from China. The West Virginia Department of Agriculture is teaming up with the state's Nursery and Landscape Association to host the delegation. A reception was held Monday night in Charleston following a tour of a nursery operation in Mason County.
NIAGARA, N.Y.-- A Niagara County park has gotten a $6 million facelift. New York state parks officials and representatives from the New York Power Authority will cut the ribbon Tuesday on improvements at Reservoir State Park. Part of the 133- acre park overlooks NYPA's Robert Moses Power Plant Reservoir, a favorite fishing spot.
MORGANTOWN, W.Va.-- The Institute for Community and Rural Health at West Virginia University is getting $400,000 for programs designed to help reduce obesity and curb deaths from stroke and heart disease.
HUNTINGTON, W.Va.-- Job creation in southern West Virginia is the focus of a discussion in Huntington that will bring together federal and regional officials. Nick Rahall will be joined by federal agriculture and commerce officials on Tuesday at a discussion promoted by the Appalachian Regional Commission.
SAN BRUNO, Calif.-- Survivors of a deadly PG&E Corp. pipeline explosion asked Gov. Jerry Brown to replace the president of the California Public Utilities Commission on Monday, saying energy regulators have failed to keep the public safe under CPUC President Michael Peevey's leadership.
ATHENS, Greece-- Greece's prime minister is holding another round of talks with his restive coalition partners to try to convince them to accept the last details of an austerity package that the country needs to secure vital rescue loans. Antonis Samaras said Tuesday that "at some point, we have to finish" talks on the 13.5 billion package.
COLUMBIA, S.C.-- The director of South Carolina's Medicaid agency said Monday that he realizes his preliminary budget calling for nearly $200 million more from state taxes in 2013-14 is likely an impossible request. Clearly, that's not going to fly, " Department of Health and Human Services director Tony Keck told The Associated Press.
JACKSON, Miss.-- Expanding Medicaid would bring Mississippi more federal money from 2014 through 2016 but could cost the state millions of dollars from 2017 through 2025, according to a study released Monday by the state's University Research Center.